1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alex777 [14]
3 years ago
9

Yakov, Ana, and Dina want to bake a cake. They are choosing among chocolate cake (C), vanilla cake (V), and red velvet cake (R).

The following table shows each person's preferences for cake flavors. The three friends decide to vote on the kind of cake they want and agree to bake the kind that wins by majority vote.
Yakov Ana Dina
First Choice Chocolate Red Velvet Vanilla
Second Choice Red Velvet Vanilla Chocolate
Third Choice Vanilla Chocolate Red Velvet

1. Suppose Yakov, Ana, and Dina first vote on whether to bake a red velvet cake or a chocolate cake, and then they vote between vanilla cake and the winner from the previous vote.
Between red velvet cake and chocolate cake, the majority will vote for ________, and between this winner and vanilla cake, the majority will vote for . 2. Now, suppose Yakov, Ana, and Dina first vote on whether to bake a chocolate cake or a vanilla cake, and then they vote between red velvet cake and the winner from this vote.
Between chocolate cake and vanilla cake, the majority will vote for ________, and between this winner and red velvet cake, the majority will vote for ________.
3. Yakov, Ana, and Dina's democratic voting system produces transitive preferences.
True or False?
Business
1 answer:
vovangra [49]3 years ago
8 0

Answer:

The specified preferences of Charles, Diana and Juanita. Charles and Juniata prefer chocolate over red velvet cake. Dina favors red velvet over chocolate.

So, when there is voting among red velvet and chocolate cake, the majority will select the Chocolate cake and among winner and vanilla majority will vote for Vanilla cake.

This is because Dina and Juanita favor vanilla over chocolate.

Among Chocolate and vanilla cake, the majority will elect for vanilla and among this winner and red velvet cake, the majority will choose for Red velvet cake.

This is because Diana and juanita favor vanilla over chocolate. So, vanilla cakes get majority elects. When there is voting among vanilla and red velvet , red vanilla acquire majority votes as charles and dina favor red velvet over vanilla.

The statement is False. The preferences are not transitive.

In the first situation chocolate is chosen to vanilla and red velvet is preferred to vanilla. Although, in the second situation, chocolate is favored to red velvet and vanilla is preferred to chocolate. Thus, the preferences do not exhibit transitivity.

You might be interested in
To better facilitate an understanding of layout​ issues, Arnold Palmer Hospital studies using A. queuing theory. B. transportati
klio [65]

To better facilitate an understanding of layout​ issues, Arnold Palmer Hospital studies using (A) queuing theory.

Explanation:

Queuing theory also known as the  "queuing theory" it is used to  examine the various  component in waiting line that needs to be served.

The queuing theory refers to the various component like the arrival process,the service process,number of computerized system, number of servers used and the number of people  in queue (i.e customers)

The various  applications of the queuing theory include -traffic management,(vehicles management, two or four wheeler), scheduling patients in government hospitals, jobs that are done on machines, computer programs), and facility designs of  supermarkets.

Thus,In a hospital settings the layout issues can be dealt by understanding the queuing theory.

3 0
3 years ago
A financial intermediary is a corporation that takes funds from investors and then provides those funds to those who need capita
kondaur [170]

Answer: The statement is <u>TRUE.</u>

Financial intermediaries are those people or companies that offer financial services to the investor without the latter having to contact the issuer of the financial instrument.

Its function is that of intermediation between people who save and people who need financing, that is, between buyers and sellers.

4 0
3 years ago
True or false: Contributions of cash and property to a corporation in exchange for shares of the corporations stock can be tax d
LUCKY_DIMON [66]

Answer:

True

Explanation:

According to the United States of America Code, under section 351, which basically deals with the transfer to a corporation controlled by the transferor, it is TRUE that contributions of cash and property to a corporation in exchange for shares of the corporation stock can be tax-deferred.

Hence, it can be concluded that the correct answer to this question is definitely TRUE.

5 0
3 years ago
The following lists are nations with mixed economies. In which list is the free market most dominant?. . A. France, Canada, Sout
Marizza181 [45]


A free market is a type of economy which allows the manufacturers and consumers to interact resulting to the relationship between the supply and demand market. This is different from the command market in which the government controls solely. One of the countries with strong free market economy are B. US, UK, HK and Singapore.
5 0
3 years ago
The Brisbane Manufacturing Company produces a single model of a CD player. Each player is sold for $182 with a resulting contrib
k0ka [10]

Answer:

Year 3 cashflow:

current system: 243,360

alternative system: 102,240

Present cost:

current system PV -$971,665.9146

alternative system PV  -$1,075,964.17

Explanation:

<u>Current Scenario:</u>

42,000 inspection cost

<u>Repairs:</u>

1,520 identified x  $75 = 114,000

<u>Refunds:</u>

480 units x $182 = 87,360

Total yearly cost: 243,360

PV of an annuity of $243,360 during 5 years:

Present Value of Annuity  

C \times \displaystyle \frac{1-(1+r)^{-time} }{rate} = PV\\  

C 243,360

time 5

rate 0.08

243360 \times \displaystyle \frac{1-(1+0.08)^{-5} }{0.08} = PV\\  

PV $971,665.9146  

<u>New Scenario:</u>

Inspection cost: $42,000  + $25,000 = $77,000

Repair cost: 350 units x $41 = $14,320

Refunds: 50 units x $182 x 120% = $10,920

Total yearly cost: $102,240

F0 cost:

470,000 workers trainings

210,000 purchase cost

Total F0 cost: 680,000

Present Value of Annuity  

C \times \displaystyle \frac{1-(1+r)^{-time} }{rate} = PV\\  

C 102,240

time 5

rate 0.08

102240 \times \displaystyle \frac{1-(1+0.08)^{-5} }{0.08} = PV\\  

PV $408,214.6742  

PV of residual value:

PRESENT VALUE OF LUMP SUM  

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  18,000.00

time   5.00  

rate  0.08

\frac{18000}{(1 + 0.08)^{5} } = PV  

PV   12,250.50  

Net present value:

- 680,000 -408,214.67 + 12,250.50 = 1,075,964.17

4 0
2 years ago
Other questions:
  • Digby's product manager is considering lowering the price of the Daft product by $2.50 and wants to know what the impact will be
    6·1 answer
  • Ford Motor Company bonds have 20 years remaining to maturity. Interest is paid annually, they have a $1000 par value, the coupon
    12·1 answer
  • Indentify the recommended actions for success in informational interviews
    6·1 answer
  • Suppose toyota manufacturing plant employs a total of 100 workers and pays a mean monthly salary of $ 5,000 to the employees in
    11·1 answer
  • What can be concluded if the number of movie tickets sold increases by 10 percent when the price is cut by 20 percent, other thi
    7·1 answer
  • Paolo is skilled at making both earrings and bracelets. Paolo has no preference between making earrings or bracelets since he ea
    13·1 answer
  • Borke Company has a credit balance of $3,000 in Allowance for Doubtful Accounts. The estimated bad debt expense under the percen
    8·1 answer
  • Suppose the production of a good results in positive externalities. The market will tend to _______________ this good and the go
    11·1 answer
  • John has to choose between two jobs: one that offers him $50 per hour and one that offers him $35 per hour. the opportunity cost
    15·1 answer
  • GROCERY STORE PROBLEM: A local grocery store faces demand for one of its items at a constant rate of 20,000 boxes per year. It c
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!